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Provisional Release conditions for imported fabric was modified and substituted Rs. 22 Lakh of Bank Guarantee with Bond
Case Law Details
- Case Name
- Shree Sai Impex Vs Principal Commissioner of Customs (Preventive) (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
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Shree Sai Impex Vs Principal Commissioner of Customs (Preventive) (Madras High Court)
Conclusion: While securing the Revenue’s interest under Section 110A of the Customs Act, conditions for provisional release should not be unduly harsh. Requirement to furnish Bank Guarantee of ₹22 lakhs was modified with execution of bond of Rs. 22 lakh.
Held: Assessee had imported 24,893 kilograms of Viscose Knitted Fabric from China under a Bill of Entry. The goods reached Chennai Port and were moved to a SEZ warehouse. Assessee filed documents seeking clearance for home consumption. ...
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